Posted by
emjayne on Monday, December 08, 2008 12:50:13 PM
In the local paper recently a lady complained about Republican corruption being responsible for the increase in the federal debt..no supporting arguments, no supporting fact.
A gentleman answered with a report on the Democrat's own dirty history.
How about Charlie Rangel and his tax-evasion problems?
How about William Jefferson, D.-LA and his cold $90,000 in the refrigerator?
How about another William Jefferson. W.J. Clinton and his wife, documented for raiding the White house when they left?
(while granting pardons to criminals like Marc Rich in return for what "favors"?
The list of corrupt Dem. is boringly long. But let me bore you for a few minutes.
The current financial mess clearly, and well-documented, lies in the Carter-launched and Clinton-strengthened "Community Reinvestment Act" which forced banks to make risky loans but underwritten by Fannie Mae and Freddie Mac, institutions governed by Democrats.
The malfeasance associated with these "bad loans" was covered up by Barney Frank, Chris Dodd, Franklin Raines, Maxine Waters, John Kerry , and a host of other Dems in and out of Congress who assured us that all was well.
Raines himself is accused of having walked off with $90 million after cooking Fannie's books to gain obscene bonuses.
(Amazingly, he is/was an informal advisor to Obama?\
The top recipients of "campaign contributions" from Freddie and Fanny were candidates Obama, Dodd, Kerry, and Clinton. And ACORN, Pres-elect Obama's favorite "community organization." played a key role in strong-arming the banks..
Then-Prez.Clinton is responsible for pushing the banking industry into making bad loans in the 90s.
The Republicans, led by John McCain, tried a few years ago to establish better regulation over Mac and Mae, only to be thwarted by the Dems in Congress.
There are many more cases but enough boredom for the minute. The Democrats have demonstrated corruption to a remarkable level, even at the very top. and their contribution to the national debt is quantifiable. It's about $1 trillion and rising.
And to see Frank and Dodd sitting there leading the committee to get us out of this mess is mind-shattering.